April 15, 2024

With the need for lockdowns amid the COVID-19 pandemic, countless sports leagues are forced to cancel their ongoing seasons to help contain the spread of the virus. Consequently, sports bettors lose the chance to make profits for several months.

But many tournaments already resumed playing in 2021, allowing punters to use their betting strategies again. And with the continual need for contactless services, online betting in Malaysia and Singapore further grew, because of its convenience and easy-to-use nature, compared to physical betting sites.

But the continuous rise of online betting platforms did not attract long-time gamblers from using digital applications. Countless rookie bettors also took the chance to make a profit by gambling. Virtual platforms made sports betting more accessible for numerous individuals, making it easier to monitor various games and place wagers. This is why even beginners in the betting industry can effortlessly place wagers to show support for their favourite teams.

However, no matter how efficient online betting is for inexperienced punters, they need to learn the basics and technicalities within the industry. Losing has always been the norm for countless gamblers, and betting without proper research might lead to massive financial damage. Knowing the difference between betting types and which one will be the best for beginners will significantly help maximize wagers in the long run.

Moneyline betting is one of the rookies’ most popular betting types, mainly because of its simplicity. Punters need to place stakes on the team or player they think will win or lose the match. But the bettors also need to be aware of how they can profit with Moneyline bets. The payout usually depends on the Moneyline odds, generally shown in three different formats – American, decimal, and fractional. These odds, set by bookmakers depending on how two teams compete against each other, come with a minus sign (favourites) or plus sign (underdogs). Betting for the underdogs will give the punters a net profit larger than the placed wager once they win.

To learn more about the safest betting markets for beginner sports bettors and how a trusted sportsbook betting in Singapore and Malaysia can help, check this infographic from 88ProAsia.